Mirae Asset Global Investments Co. Ltd. Makes New $1.63 Million Investment in iShares MSCI Brazil ETF $EWZ

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 43,700 shares of the exchange traded fund’s stock, valued at approximately $1,628,000.

A number of other institutional investors have also modified their holdings of EWZ. Choreo LLC purchased a new stake in iShares MSCI Brazil ETF in the 3rd quarter valued at about $242,000. D.A. Davidson & CO. purchased a new stake in shares of iShares MSCI Brazil ETF in the third quarter worth about $2,143,000. Latitude Advisors LLC acquired a new stake in iShares MSCI Brazil ETF in the third quarter valued at approximately $34,000. Sigma Planning Corp purchased a new stake in shares of iShares MSCI Brazil ETF during the third quarter worth about $1,099,000. Finally, Samalin Investment Counsel LLC acquired a new stake in iShares MSCI Brazil ETF in the third quarter valued at $382,000. Institutional investors and hedge funds own 72.69% of the company’s stock.

iShares MSCI Brazil ETF Price Performance

Shares of EWZ stock opened at $31.98 on Friday. The firm has a fifty day moving average of $38.06 and a two-hundred day moving average of $37.11. The firm has a market cap of $9.33 billion, a P/E ratio of 9.58 and a beta of 0.66. iShares MSCI Brazil ETF has a 1-year low of $30.72 and a 1-year high of $43.90.

About iShares MSCI Brazil ETF

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index). The Index seeks to measure the performance of the Brazilian equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.